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Sushmita Goswami | May 11, 2022 | Views 72077

Telangana Govt. introduces The Telangana State One-Time Settlement Scheme 2022

Telangana Govt. introduces The Telangana State One-Time Settlement Scheme 2022 

The Government of Telangana vide order dated 09th May, 2022 introduces The Telangana State One-Time Settlement Scheme 2022.

Text of the Order is Given Below:

In the letter read above the Commissioner of Commercial Taxes, Telangana, Hyderabad has informed that there is an arrear amount of around Rs. 3000 Cr pending in various stages of litigation and that this amount is not readily recoverable. In similar context, the state Governments of Maharashtra, Karnataka, Kerala, Bihar and West Bengal have introduced One Time Settlement scheme for disputed taxes. Therefore, the Commissioner of Commercial Taxes, Telangana Hyderabad has proposed a One-Time Settlement Scheme of Tax Arrears to release this locked up revenue and requested the Government for necessary orders in the matter.

After careful examination of proposal of the Commissioner of Commercial Taxes, Telangana, Hyderabad, the Government have decided to introduce a One Time Settlement Scheme to settle disputed tax under the legacy Acts such as Andhra Pradesh General Sales Tax Act, 1957, the Telangana Value Added Tax Act, 2005, the Central Sales Tax Act, 1956 and the Telangana Entry of the Goods into Local Areas Act, 2001 and hereby issued the following orders.

To Read Official Order Download PDF Given Below:

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